Saba attack on £864m Edinburgh Worldwide ‘cynical’
Fund research firm Kepler Trust Intelligence said on Tuesday that shareholders of Baillie Gifford’s £864 million Edinburgh Worldwide Investment Trust plc (EWIT) should vote against…
Fund research firm Kepler Trust Intelligence said on Tuesday that shareholders of Baillie Gifford’s £864 million Edinburgh Worldwide Investment Trust plc (EWIT) should vote against…
Baillie Gifford’s £850 million Edinburgh Worldwide Investment Trust plc (EWIT) has challenged New York hedge fund Saba Capital Management to provide “full transparency and clarity”…
Highlands and Islands Airports Limited (HIAL) has appointed Christopher Holliday as chair and Gillian Woolman as a non-executive director. Holliday will take over from Lorna Jack, who steps…
Edinburgh-based angel investment syndicate Archangels said it leveraged £41.1 million of investment in Scottish scale-ups during 2025 as it made big bets on some of…
Texas-based CB&I said it agreed to acquire Petrofac’s asset solutions business, a provider of operations, maintenance and decommissioning services for onshore and offshore energy assets….
Matrix Renewables said it has signed a full EPC — engineering, procurement and construction — agreement with Tesla for the design, construction and commissioning of…
Sofant Technologies, the Edinburgh-based radio technology company, announced that it successfully secured £1.1 million in the final close of a £6.25 million round. Supported by…
Baillie Gifford’s £850 million Edinburgh Worldwide Investment Trust plc (EWIT) has warned shareholders they need to vote as soon as possible against New York hedge…
The Scottish National Investment Bank has invested £20 million in Renewco Power, a Glasgow-headquartered renewable energy developer, via a fund managed by Corran Capital, a…
UK government borrowing in the first eight months of its current financial year to November 2025 was £132.3 billion — £10 billion or 8.2% more than…
The UK’s National Wealth Fund has announced an £800 million financial guarantee to support SSEN Transmission’s delivery of four major grid upgrade projects underway in…
Edinburgh-based upmarket home builder Cala Group announced the appointment of Tom Nicholson, a longtime industry executive in the housebuilding sector, as its chief executive officer,…
The UK central bank cut interest rates on Thursday after a narrow 5-4 vote — but the Bank of England signalled that the gradual pace…
NatWest — the bank formerly known as RBS — has announced the expansion of its ringfenced social rent loan fund from £500 million to £1…
The Scottish commercial property investment market ended 2025 on a firmer footing, according to the Quarter 4 review from Lismore Real Estate Advisors. Several larger…
Celtic Football Club announced on Wednesday that non-executive chairman Peter Lawwell “has decided to step down from the board of Celtic plc with effect from…
Baillie Gifford’s £850 million Edinburgh Worldwide Investment Trust plc (EWIT) has urged shareholders to vote against New York hedge fund Saba Capital Management’s bid to…
SSEN Transmission has agreed its biggest housing deal so far, with Elgin-based housebuilder Springfield Group, in a significant step forward for its commitment to contribute…
The board of Abrdn European Logistics Income plc (ASLI) has rejected at attempt by 18% shareholder DL Invest Group to end the fund’s current wind-down…
Ineos announced it is investing £150 million at its Grangemouth site — supported by a £75 million UK government loan guarantee and £50 million grant….
Four big funds run by Edinburgh investment giant Baillie Gifford have announced a major “upwards adjustment in the valuation” of their holdings in Elon Musk’s…
FinTech Scotland announced it will aim to help address the growing link between people’s financial situation and their health in later life with the launch…
A new initiative to spark a “national conversation” about entrepreneurship and innovation in Scotland has been launched by the University of Strathclyde. The Scottish Entrepreneurship and…
Scotland has strengthened its international space industry links with the signing of a new agreement with the United Arab Emirates. The Letter of Intent between…
A total of 36 skilled jobs, potentially rising to 100, will be created with the arrival of a new medicinal cannabis facility in the Scottish…
Glasgow-based Beeks Financial Cloud Group plc, a cloud computing and connectivity provider for international financial markets, said it has signed a multi-year exchange cloud contract…
Glasgow Credit Union said on Friday has paid a £4.74 million return to its members following approval of a 3% annual Dividend at its AGM,…
Aberdeen Group plc said its Aberdeen Investments business has reached agreement with MFS to acquire the management of closed end fund (CEF) assets totalling £1.5 billion, further…
Aberdeen-headquartered FirstGroup plc said on Thursday it has acquired the UK sightseeing bus operations of RATP Développement SA for £17 million, to grow and diversify…
Funds run by Edinburgh asset management giant Baillie Gifford that are invested in SpaceX have seen their share prices rise this week amid a report…
MI:RNA, the Edinburgh veterinary diagnostics company, said it has concluded a second venture capital (VC) led financing — which has raised $3.6 million and accelerates…
John Wood Group, the troubled Aberdeen-based engineering and consulting giant, confirmed it has reached an agreement to sell its United Kingdom Transmission & Distribution engineering…
Lloyds Banking Group (LBG) — owner of Scottish Widows, Bank of Scotland and Halifax — has announced the appointment of Peter Fitzgerald of Aviva Investors…
New figures from the Scottish Land Commission show Scotland’s rural land market continued to cool in 2024, with fewer large-scale sales and a big fall…
NatWest, the bank formerly known as RBS, announced that it has exceeded its ambitious target of lending £2 billion to female-led businesses by the end…
The London Stock Exchange (LSE) confirmed on Wednesday the $1.6 billion Schiehallion Fund Limited’s move of its listing to the Close-Ended Investment Funds (CEIF) segment…
Dutch insurance and retirement giant Aegon said it will move its “head office and legal seat” to the United States. Following completion of the re-domiciliation…
Aberdeen-headquartered FirstGroup plc announced it has been named as the preferred operator for the London Overground suburban rail network contract by Transport for London (TfL),…
The latest Royal Bank of Scotland Regional Growth Tracker has signalled a “notable uplift in confidence” regarding future output. When asked about their expectations for…
The £400 million Baillie Gifford European Growth Trust plc said its net asset value per share (NAV) total return was 5.5% over the year to…
The £200 million Aberdeen Equity Income Trust plc said its share price total return was 25.7% and net asset value (NAV) total return was 21.8%,…
Edinburgh-based JB Foods, a family-run foodservice wholesaler, has been acquired by Coleraine-based Lynas Foodservice. “JB Foods has served Scottish catering for more than 60 years,…
Orbital Marine Power Ltd, the Scotland-based operator of “the world’s most powerful tidal turbine” said it has secured £7 million of investment to advance its…
Lloyds Banking Group plc (LBG) — the Edinburgh-registered parent of Bank of Scotland, Scottish Widows and Halifax — said on Tuesday it has completed a…
Scottish Borders Council has unanimously approved planning permission for a new Center Parcs Scottish Borders village between Hawick and Selkirk. Center Parcs said the year-round…
French energy giant TotalEnergies said on Monday it will merge its North Sea oil and gas fields — which produce roughly 25% of the UK’s…
Glasgow-based Beeks Financial Cloud Group plc, a cloud computing and connectivity provider for international financial markets, has announced more contract wins. Beeks unveiled a £1.9…
Glasgow media firm STV Group plc has announced more changes on its board. Non-executive director Aki Mandhar has stepped down from the board with immediate…
The NHS in Scotland “has not improved in line with commitments made by the Scottish Government” despite having more staff and more money, according to…
Baillie Gifford’s £3 billion Monks Investment Trust plc said the fund produced a net asset value (NAV) total return of +29.2% for the six months…
ScottishPower said on Thursday its plans to invest up to £12 billion transforming Central and Southern Scotland’s electricity transmission network have been approved by UK…
Edinburgh-based investment giant Aberdeen said it has agreed to become the sponsoring employer of the £1.2 billion Stagecoach Group Pension Scheme (SGPS), a move “that…
New York activist hedge fund Saba Capital Management announced it has officially requisitioned the board of directors of the £850 million Edinburgh Worldwide Investment Trust…
Wheatley Group, Scotland’s biggest social landlord, said on Wednesday it has retained its A+ rating with a stable outlook with S&P Global Ratings. However, S&P Global said…
The Scottish Government is seeking to recruit a Director General Corporate/Chief Operating Officer “to lead a critical portfolio at the heart of government operations.” The…
Glasgow-based Beeks Financial Cloud Group plc, a cloud computing and connectivity provider for international financial markets, announced that it has secured two “notable” contracts “further…
Edinburgh-registered banking groups NatWest-RBS and Bank of Scotland parent Lloyds Banking Group said on Tuesday that they have passed the UK central bank’s stress tests…
Iomart Group plc, the Glasgow-based secure cloud services firm, said on Tuesday its auditors Deloitte LLP have resigned “at the board’s request” and that Grant…
Two large investment trust companies run by Edinburgh-based Baillie Gifford said on Tuesday that New York activist hedge fund Saba Capital Management is blocking a…
Richard Hughes, chair of the UK’s Office for Budget Responsibility (OBR), has written to the UK Chancellor of the Exchequer and Chair of the UK…
John Wood Group, the troubled Aberdeen-based engineering and consulting giant, announced on Monday the appointment of Jade Moore to the company’s executive leadership team as…
Edinburgh-based AI and data consultancy Optima Partners said it has secured “significant investment” from Growth Capital Partners (GCP) as it ramps up its UK and…
Edinburgh and Manchester-based build-to-rent (BTR) housing firm Sigma Capital said it has agreed a £268 million “investment debt facility” with Morgan Stanley. “The new facility…
Savings and retirement giant Phoenix Group announced that NatWest executive Angela Byrne has been appointed as the next CEO of Standard Life’s pensions & savings…
The £300 million Baillie Gifford UK Growth Trust plc said on Friday its net asset value (NAV) per share total return was 16.2% compared to…
New York activist hedge fund Saba Capital Management has made a fresh attempt to replace the entire board of the £850 million Edinburgh Worldwide Investment…
Offshore Energies UK (OEUK) has condemned the UK government’s decision in the Budget to reject replacement of the Energy Profits Levy (EPL) in 2026 –…
The Scottish Chambers of Commerce (SCC) has warned that “businesses are on the brink” following the UK Chancellor’s Autumn Budget. SCC said it is deeply…
The Scotch Whisky Association (SWA) said the UK Chancellor’s decision to further increase alcohol duty on Scotch will put “additional pressure on a sector suffering…
An independent assessment of this year’s Tour O The Borders cycling event has estimated it contributed more than £755,000 to the Borders’ economy. The assessment,…